waderoush writes "Terrafugia — the Massachusetts company building a 'roadable aircraft' (that's flying car to you and me) — revealed at a press conference Wednesday that the Transition vehicle has been taken aloft for its maiden flight. The craft, which can fly up to 460 miles at 115 mph and then fold up its wings for 65-mph highway driving, was the subject of two hotly debated Slashdot posts on May 8 and May 13 of last year. The company said the first flight took place in Plattsburgh, NY; retired Air Force Colonel Phil Meteer was at the controls."
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